The work of the Board of Directors is governed by rules of procedure approved annually. The rules of procedure include the instructions to the company’s CEO, the duties of the Chairman, the Board’s meeting procedures as well as decision-making procedures together with instructions and policies. The Group’s Executive Management has been present at Board meetings.
During 2018, the Board of Directors met twelve times. At each ordinary meeting, the financial performance was reported and followed up. The Board held one meeting with the auditors, without the Executive Management present, to review the cooperation with the Executive Management regarding implementation of the audit process and other related matters. Key issues addressed at Board meetings are shown separately.
The work of the Board of Directors and the CEO was evaluated in 2018. The evaluation showed that the CEO and the Board perform their duties very well.